Flows are rotating into KLAC while RDDT weakens

🇺🇸 Flow dynamics are shifting sharply from broad equity sell-off toward concentrated buying in semiconductors, signaling a potential pause in the recent risk-off tone. The latest snapshot shows inflows slightly outpacing outflows, with $91M coming in versus $84M leaving. Notably, $KLAC (KLA Corporation) attracted a massive $184M, confirming semiconductor strength, while RDDT saw a $27M exit, marking a clear rotation away from the theme. The top outflows from RDDT, FDS, and IAC suggest traders are trimming positions in previously favored or defensive names. What matters next is whether this semiconductor bid holds amid the broader equity backdrop. The inflow into KLAC is a strong confirmation of leadership, but the overall flow remains narrow with only a handful of clusters active. If KLAC sustains its bid and the flow broadens beyond semis, it could signal a tentative bottom or at least a pause in the selling pressure. Keep watch for a sustained bid in KLAC and whether other high-beta or cyclical sectors follow suit.